Court Grants Cubana Chief Priest N10m Bail for Alleged Naira Abuse

Court Grants Cubana Chief Priest N10m Bail for Alleged Naira Abuse

Renowned socialite, Pascal Okechukwu, widely known as Cubana Chief Priest, found himself in a legal entanglement as he was arraigned before the Federal High Court in Lagos State. The court, on Wednesday, took the decision to grant him bail set at N10 million along with two sureties who match the bail sum.



During the proceedings, Cubana Chief Priest, who has garnered fame for his affiliations with the entertainment industry, pleaded not guilty to charges accusing him of tampering and abusing the Nigerian currency, the Naira. The charges leveled against him revolve around his alleged involvement in spraying and manipulating the nation's currency at a social gathering, which is deemed a violation of the Central Bank Act of 2007.


The arraignment took place before Justice Kehinde Ogundare, where Cubana Chief Priest faced three counts related to the abuse of the Naira. It is alleged that he engaged in the act of spraying the Naira during a social event held at the Eko Hotel on February 13, 2024. Furthermore, he was accused of tampering with funds in the denomination of N500 notes issued by the Central Bank of Nigeria (CBN), by engaging in the act of spraying the currency for a continuous period of two hours while dancing.


The legal proceedings surrounding this case have garnered significant attention, with many closely monitoring its developments. Prior to this court appearance, Cubana Chief Priest had been detained by the Economic and Financial Crimes Commission (EFCC) in preparation for his arraignment.


The granting of bail to Cubana Chief Priest marks a significant juncture in this legal saga. As the case progresses, further details are anticipated to shed light on the intricacies of the allegations against him and the subsequent legal proceedings.


It is essential to await the unfolding of events as the case proceeds through the legal system. The outcome will undoubtedly have ramifications not only for Cubana Chief Priest but also for the broader societal discourse surrounding legal compliance and accountability.


The public awaits with bated breath for the next steps in this high-profile case, eager to glean insights into the implications it may hold for all parties involved. As the legal process unfolds, clarity and transparency will be paramount in ensuring a fair and just resolution.


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